NetSol Hires Investor Relations Firm

NetSol Technologies has hired RedChip Cos. to handle its investor relations efforts, the company announced Tuesday.

The Calabasas supplier of software to the vehicle and equipment financing and leasing markets said it selected RedChip in Orlando, Fla. to help increase its visibility with investors because of its reputation and multi-decade record of results. 

Najeeb Ghauri, NetSol chief executive, said the company was entering into an exciting phase in its business lifecycle, and with the growth potential ahead it was important that it communicate its achievements to investors. 

“We look forward to a beneficial relationship that broadens our shareholder base and effectively communicates our story to the investment community,” Ghauri said in a statement. 

Started in 1992, RedChip has grown into a leader in investor relations, financial media and research for microcap and small-cap stocks.

Dave Gentry, chief executive of RedChip, said that he was pleased with representing NetSol and was impressed by its fiscal first quarter earnings reported last month of earnings of 2 cents on revenue of $13.4 million. 

“Netsol is in a strong position for continued growth, and we welcome the opportunity to broaden their retail and institutional investor awareness,” Gentry said in a statement. 

Shares in NetSol (NTWK) closed down by 1 cent, or a fraction of a percent, to $4.14 on the Nasdaq on Tuesday, a day when that market closed up 3 percent.